Telson Mining is pleased to announce that it has closed the non-brokered private placement as announced July 02, 2020. The fully subscribed Private Placement has closed with the Company issuing 13,996,145 units at a price of $0.10 per Unit for gross proceeds of $1,399,615. Each Unit is comprised of one common share and one half of one whole transferable share purchase warrant. Each whole share purchase warrant entitles [...]
Telson Mining announces that further to its application for a Management Cease Trade Order, which was granted by the BC Securities Commission on June 16, 2020, the Company is required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 Management Cease Trade Orders, until such time as the Company has completed and filed its audited annual financial [...]
Telson Mining announces that it is increasing the maximum amount to be raised in a non-brokered private placement which was initially announced on June 16, 2020. The Company now intends to conduct a non-brokered private placement of up to 14,000,000 units at a price of $0.10 per Unit for total proceeds of up to $1,400,000. Each Unit will consist of one common share of the Company and one half of a transferable share [...]
Telson Mining announces that further to its application for a Management Cease Trade Order, which was granted by the British Columbia Securities Commission on June 16, 2020, the Company is required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 Management Cease Trade Orders, until such time as the Company has completed and filed its audited annual [...]
Telson Mining Corp. is pleased to announce that it has entered into a letter agreement with Nyrstar Canada Ltd., in which Nyrstar has provided Telson a conditional waiver to Telson's default status of the June 12, 2018 Loan Agreement, entered into between the companies, as amended. In a press release dated April 17, 2020, Telson announced that it had entered into a waiver request letter agreement with Trafigura Mexico SA [...]
Telson Mining Corp. announces that it has signed an updated term sheet with Accendo Banco, S.A. Insititucion de Banca Multiple whereby Accendo will, subject to final due diligence, provide Telson with a US$12 Million Medium Term Loan Facility for the purpose of funding construction at Telson's Tahuehueto mining project and general working capital purposes. The main terms and conditions of Accendo's MTLF are as follows [...]
Telson Mining provides the following mandatory regulatory update that it has requested a temporary Management Cease Trade Order from the British Columbia Securities Commission in connection with the Company's filing of its audited annual financial statements and MD&A for the financial year ended December 31, 2019. On March 23, 2020, the Canadian Securities Administrators granted blanket relief for all reporting issuers [...]
Telson Mining is pleased to announce that mining and milling operations have resumed at Campo Morado mine in Guerrero. The Mexican Government recently deemed the mining industry to be an essential industry, resulting in lifting of the temporary country wide mining industry shut down because of the COVID-19 pandemic. Detailed COVID-19 safety protocols approved by the Instituto Mexicano del Seguro Social have been [...]
Telson Mining is announcing that further to its news release dated April 27, 2020 in which the Company reported that in accordance with the blanket relief granted by the Canadian Securities Administrators due to circumstances created by the COVID-19 pandemic it would be not be able to file its December 31, 2019 audited annual financial statements and its Q1 interim financials for March 31, 2020 within the usual deadlines [...]
Telson Mining is pleased to announce that further to its news releases dated December 27, 2019 and February 13, 2020, the Company is seeking a 30 day extension from the date hereof from the TSX-V to close its non-brokered private placement offering of up to of up to 30,000,000 units at a price of C$0.10 per Unit for total proceeds of up to C$3.000,000. As announced on February 13, 2020, the Company closed Tranche 1 of the [...]
Telson Mining Corp. is pleased to announce that it has entered into a letter agreement with Trafigura Mexico, which defines the terms under which Trafigura will provide Telson a waiver to certain terms of the Loan Agreements entered into between the companies. Under the terms of the Letter Agreement, Telson acknowledges that it is in default of its loan obligations under two loan agreements entered into between Trafigura [...]
Telson Mining informs shareholders that the Mexican Ministry of Health has proclaimed a national health emergency with an immediate suspension order of all "non-essential" public and private sector business, including mining in order to mitigate the spread and transmission of the COVID-19 virus. The order became effective on its publication date in the Official Gazette of the Federation and remains in place for a period [...]